address this
very same issue in the case of CIT vs Zydus Wellness Ltd. , reported in
162 ITD 604 wherein, by placing reliance ... Gujarat High Court in Asst. Year 2008-09 i.e. Zydus Wellness Ltd.
acquired the Consumer Products Division of Cadila Healthcare Ltd.
including the Brands
versus ACIT 50 taxmann.com 279
(Delhi Trib),
ACIT Versus Zydus Wellness Ltd [2017] 87 taxmann.com 82 (Gujarat
High Court)
18.On the other
Principal Commissioner vs. Zydus Wellness Ltd (2017) 87
taxmann.com 82 (Gujarat H.C.)
(iv). Toyo Engineering India Limited ITS-655-ITAT
Hygiene and Healthcare Limited
Henkel India Limited
Reckitt Benckiser (India) Limited
Zydus Wellness Ltd
VLCC Personal Care Ltd.
Paras Pharmaceuticals Ltd. Bajaj Corp Ltd.
Sitaram
also relied on three
decisions namely;
"1. Principal CIT vs Zydus Wellness Ltd [2017] 81 taxmann.com 159
(Gujarat High Court
Gujarat High
Court in the case of PCIT vs Zydus Wellness Ltd (2017) 87 taxmann.com 82
(Gujarat). The Ld.AR submitted that in both
Finlay Mills Ltd. , 20 ITR 475 (SC);
ii) PCIT v. Zydus Wellness Ltd., 247 Taxman 397 (Guj);
iii) Cadia Healthcare Ltd (Ahd.);
iv) Alembic Chemical
